CBC report compares New York City’s lack of housing affordability to 22 other cities. On August 6, 2014, the Citizens Budget Commission released a report studying the scale of New York City’s affordable housing problem by comparing New York City to twenty-two other U.S. cities that were either among the largest U.S. cities by population, or the centers of the largest metropolitan areas by population. The study covers a thirteen-year time period, 2000 to 2012. … <Read More>
affordable housing
Mayor de Blasio’s Land Use Appointments Carousel Continues
Mayor de Blasio has re-structured the City’s land use administrative hierarchy to further his affordable housing agenda. On July 22, 2014, Mayor Bill de Blasio nominated Margery Perlmutter to serve as Chair of the Board of Standards and Appeals. This was the Mayor’s latest appointment to City land-use positions, all of which will bear heavily on the Mayor’s expansive affordable housing agenda, a ten-year plan designed to preserve some 200,000 units of affordable housing.
REBNY Issues New Report on Landmarking and Housing Production
REBNY report shows that housing production, particularly affordable housing, is drastically lower in landmarked areas in the five boroughs. In 2013, the Real Estate Board of New York conducted a study which showed that nearly 28 percent of Manhattan is landmarked and that fewer than 2 percent of new housing units built in Manhattan over a ten-year time period (2003-2012) were constructed on landmarked properties. On July 1, 2014, REBNY released a new report which … <Read More>
Rezoning Approved for Central Harlem Project
Rezoning approved for project that will restore historic church building and provide thirty percent affordable housing to Harlem residents. On June 17, 2014, the City Council Land Use Subcommittee for Zoning and Franchises heard an application submitted by 117th Street Equities, LLC (Artimus) for a zoning map amendment to facilitate a mixed-use development in Central Harlem, Manhattan. The map amendment would rezone an existing R7A to an R8A zoning district on a block … <Read More>
Call for a Senior Housing Task Force
The shortage of affordable housing is felt in every corner of our City. Reasonably priced options are elusive– jeopardizing many residents’ personal security and eradicating diversity from our communities. Our rapidly growing population of elderly New Yorkers is especially vulnerable; seniors face unique challenges at a time when stability is paramount.
Financing Approved for Affordable Housing Developments
HDC approves the financing to fund 2,226 units of affordable housing. On June 16, 2014, the Board of Directors of the New York City Housing Development Corporation approved the financing for projects in Manhattan, the Bronx, and Brooklyn which will consist of $2756 million in bonds and $88.7 million in subordinate financing for HDC. The money will be used to construct eleven new buildings with 1,259 affordable housing units and preserve and protect seven projects … <Read More>